The Fastenal Company (FAST) Shares Bought by US Bancorp DE

The Fastenal Company (FAST) Shares Bought by US Bancorp DE

Other hedge funds also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its stake in Fastenal Company by 26.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,900 shares of the company’s stock worth $121,000 after buying an additional 600 shares during the period. Virtus Investment Advisers Inc. purchased a new position in Fastenal Company during the third quarter worth approximately $131,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Fastenal Company during the fourth quarter worth approximately $169,000. Advisory Services Network LLC purchased a new position in Fastenal Company during the first quarter worth approximately $191,000. Finally, Hengehold Capital Management LLC purchased a new position in Fastenal Company during the first quarter worth approximately $203,000. Institutional investors own 78.11% of the company’s stock.

US Bancorp DE increased its position in shares of Fastenal Company (NASDAQ:FAST) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 466,964 shares of the company’s stock after buying an additional 12,996 shares during the period. US Bancorp DE owned about 0.16% of Fastenal Company worth $24,049,000 as of its most recent filing with the SEC.

Fastenal Company (FAST) opened at 44.27 on Monday. Fastenal Company has a 52 week low of $37.70 and a 52 week high of $52.74. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 25.30 and a beta of 1.02. The firm’s 50-day moving average is $44.61 and its 200-day moving average is $48.10.

Fastenal Company (NASDAQ:FAST) last posted its earnings results on Wednesday, April 12th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.46. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Fastenal Company had a net margin of 12.81% and a return on equity of 27.50%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. On average, equities analysts anticipate that Fastenal Company will post $1.87 earnings per share for the current year. The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Wednesday, April 26th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Monday, April 24th. Fastenal Company’s dividend payout ratio (DPR) is presently 73.99%.

Several equities research analysts have issued reports on FAST shares. Raymond James Financial, Inc. raised shares of Fastenal Company from a “market perform” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, April 19th. JPMorgan Chase & Co. started coverage on shares of Fastenal Company in a research report on Friday. They issued a “neutral” rating and a $46.00 price objective for the company. Zacks Investment Research raised shares of Fastenal Company from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, February 28th. Stephens started coverage on shares of Fastenal Company in a research report on Friday. They issued an “overweight” rating and a $54.00 price objective for the company. Finally, Credit Suisse Group AG set a $52.00 price objective on shares of Fastenal Company and gave the company a “buy” rating in a research report on Thursday, May 4th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $50.63. In other news, CFO Holden Lewis acquired 1,000 shares of the stock in a transaction on Thursday, May 25th. The stock was bought at an average price of $43.76 per share, with a total value of $43,760.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $43,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darren R. Jackson acquired 5,000 shares of the stock in a transaction on Friday, April 28th. The stock was purchased at an average cost of $44.75 per share, with a total value of $223,750.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 6,700 shares of company stock valued at $299,343. Corporate insiders own 0.78% of the company’s stock.

About Fastenal Company Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FAST”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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